Tag Archives: #Gains

June 21, 2017Comments Off on Firms face ban for not passing on GST gains

The government has threatened to cancel the registration of entities that do not pass gains from GST to consumers. The cancellation of registration is in addition to the power to levy penalty that was prescribed under the law. The government has repeatedly threatened to invoke anti-profiteering provisions to ensure that gains of GST by way of lower taxes and input ... Read More »